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PEL | Gann Octave Analysis

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PEL | Gann Octave Analysis | A possible value BUY

  • This stock has been trading inside Gann Octave range of 1262 and 1590 since 23-JUN-2020 (nearly 7 months now)
  • Currency trading near Gann Octave Level 1590 (near 1600, Square of 40)
  • Price has broken out above multi year trend line resistance
  • Trading well above the Volume Weighted Moving Average (180 days VWMA) which has acted well in the past
  • Resistance: 1600 / 1681 / 1728 / 1764 / 1849 / 1918 / 2025
  • Support: 1521 / 1444 / 1369 / 1331 / 1296 / 1262 / 1174
Note
Trading above 1600.
Note
Could not sustain above 1600 | Back to important support zone 1296 to 1262.

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